The year 2022 saw two huge blows to the crypto world, each led by a different bad actor. In May, Terraform Labs’ UST stablecoin broke its $1 promise and spiralled into hyperinflation. The crash wiped out roughly $40 billion in market value and pushed several crypto firms into bankruptcy, including V
FTX has officially received the green light from a bankruptcy court to start repaying its customers. The plan, approved on Monday, is set to use up to $16.5 billion in assets that the company managed to recover after its collapse. The court praised FTX for handling the complex bankruptcy process eff
After FTX crumbled in late 2022, many thought their money was gone forever. But recently, a court gave the thumbs-up on a whopping $14 billion U.S. dollars payback plan. This means creditors (people who lent money to FTX) are in for a nice surprise. They'll get all their money back—plus some extra!
